Global Manufacturing Sector Stabilizes in November

At 49.7 in November, from 48.8 in October, the JPMorgan Global Manufacturing PMI™ — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — rose to a five-month high and posted only marginally below the neutral 50.0 mark.

N.B. Please note that the previously published history of the global manufacturing indicators have been revised. This reflects the transition to using data from the Markit survey of US manufacturing from February 2010 onwards. Data prior to that date are still based on data obtained from the ISM US manufacturing survey.

Manufacturing production edged higher in November, halting a four-month period of contraction. Output growth in the US accelerated to a six-month peak, while production in China rose for the first time in four months. Expansions were also reported in Brazil, India, Indonesia, Mexico, Russia, Switzerland, Turkey, the UK and Vietnam.